The Prudential Insurance Company of America, Respondent v. National Bank of Commerce in New York, Appellant

Summary

The New York Court of Appeals reversed the Appellate Division’s judgment and remanded for a new trial, holding that the plaintiff insurance company was not bound by its agent’s personal guarantee of forged endorsements and that the issue of the plaintiff’s negligence in failing to detect those forgeries was a factual question for the jury, making the trial court’s directed verdict erroneous.